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Showing 1761 - 1770 of 5858 results for "Short"

Brian Hartzer steps down from Westpac

ELIZABETH MCARTHUR  |  TUESDAY, 26 NOV 2019
... accept that I am ultimately accountable for everything that happens at the bank. And it is clear that we have fallen well short of what the community expects of us, and we expect of ourselves." Hartzer has been given 12 months' notice and will be ...

Westpac halts short-term bonuses, culls Litepay

HARRISON WORLEY  |  MONDAY, 25 NOV 2019
The under-fire big bank will halt short term incentives for its executive team as it deals with the fallout from its alleged breaches of anti-money laundering and counter terrorism financing laws. Announcing the bank's three-point response plan ...

Flaws in Grattan SG research: Report

KANIKA SOOD  |  WEDNESDAY, 20 NOV 2019
Research published this morning by Jim Stanford from the Australia Institute says increasing the superannuation guarantee to 12% will not stifle future wage growth, and calls out assumptions used in Grattan's research on the subject. Stanford reviewed ...

Chief economist update: Reversal of fortune

BENJAMIN ONG  |  WEDNESDAY, 20 NOV 2019
... spending. They estimate that a 10% increase in net housing wealth raises the level of consumption by around 3/4 per cent in the short run and by 11/2 per cent in the longer run." "If so, falling housing prices, and a decline in measured household wealth ...

Waiting periods cost 214% on premiums: Research

ELIZA BAVIN  |  FRIDAY, 15 NOV 2019
Premiums on income protection can be up to 214% higher if a member is defaulted into a shorter waiting period, research presented at the Challenger Financial Standard Technical Services Forum shows. Presenting at the forum yesterday, Rainmaker head ...

Registration deadline extended: ASIC

ELIZABETH MCARTHUR  |  THURSDAY, 14 NOV 2019
ASIC has told Australian financial services licensees that they will not be in breach of the law because their financial advisers were not able to register with ASIC-approved compliances schemes. The original deadline for registering was 1 January 2020. ...

ASFA strikes back at super detractors

HARRISON WORLEY  |  WEDNESDAY, 13 NOV 2019
... destructive process at play". He warned against regulating "our way to better outcomes through an overly zealous focus on short-term investment performance," and said to do so would likely ensure a net negative impact on the system's performance. ...

Sydney boutique heads for Chi-X

KANIKA SOOD  |  WEDNESDAY, 13 NOV 2019
... (ticker code: ECAS) will have a return target of 0.5% above cash rate (net of fees). It will invest in cash, term deposits, short-term money market and fixed income instruments, and hold a portfolio of 70 issuers. The eInvest Core Income Fund (managed ...

FASEA attempting to re-write law: AFA

ELIZABETH MCARTHUR  |  WEDNESDAY, 13 NOV 2019
... literally" and promised that guidance would shortly be released. After eight months of waiting, the guidance has fallen well short of the kind of clarity the AFA was looking for. "What the guidance provides is no certainty, in that it lacks any explanation ...

Ethics code creates confusion around ESG

ELIZABETH MCARTHUR  |  MONDAY, 11 NOV 2019
... considerations or preferences." Stephen Glenfield, FASEA chief executive, offered this clarification to Financial Standard : "In short, Standard Six does not require the adviser to ask about ethical investments. "Rather, where a client indicates they ...